Budgeting Assumptions:

All sales are on sccount. Thity percent of the credit sales are colected in the month of sale and the remaining $70\%$ are colected in

the manth subsequent to the sale. The accounts receivable at June $30$ will be colected in July:

andise Inventoy purchose: are pod in the month of the

$3$ Murchsise snd the remoining $80\%$ is pold in the month ster the purchsse.

$5$ is lreurred.

purchases of $$44,500,$ ond coseh pold for selling ond sdminlistrstue experses of $$15,000.$

Required:

For the momth of Juyy, colleulste the following

a$.$ Budgeted sole:

b$.$ Budgeted merchondlae purchose:

c$.$ Budgeted cost of goods sold

$2$ Prepore a budgeted boliscee sheet ss of July $31$

Q Answer is complete but not entirely correct.

Complete this question by antaring your ansmers in the tabs below.

Recquired $12$

Required ic

flecquired $1D$

Required $2$

Calulate the budqeted sales for the month of Juty

$\backslash$table$[[$Budgotod sales for Nily,$52,000]]$